60.8% Increase in Net Profit After Tax for Maendeleo Bank in H1 2026

TLDR

• The award, presented by Global Banking & Finance Review, comes as Maendeleo Bank implements its 2025– 2030 strategic plan which identifies business growth, talent and culture transformation, and technology.
• Net profit after tax increased 60.8 per cent in the first half of this year from the corresponding period last year, while income from fees and commissions rose 95.8 per cent.
• DAR ES SALAAM: MAENDELEO Bank Plc has been named Tanzania’s fastestgrowing SME bank for this year highlighting its expanding business-lending strategy as the lender seeks to deepen support for small and medium.
• Maendeleo Bank Managing Director, Lomnyaki Saitabau said the recognition reflected the contribution of the bank’s SME unit and frontline staff working directly with business customers.